Human Growth Hormone Market 2019 Trends, Size, Share, Growth Insight, New Development And Global Forecast To 2023
The “Human Growth Hormone Market Report – Forecast Up To 2023” Published by Market Research Future. Report include in-depth analysis by industry experts, report gives detailed information of market size, recent trends, share and growth rate.
Pune, India – March 27, 2019 /MarketersMedia/ —
This MRFR report offers an in-depth analysis of the Global Human Growth Hormones Market. The prime objective of the report is to deliver a five-year (2018-2023) market forecast. All the pertinent elements were considered before drawing conclusions on the market. A revenue analysis of different hormone brands (Norditropin, Humatrope, Genotropin, Omnitrope, and Sainzen) is also available in the report. Primary route of administration of growth hormone discussed in the report include subcutaneous, intramuscular, intravenous and oral. The scope of discussion also covers different product distribution channels such as hospital pharmacies, retail pharmacies, clinics and e-commerce websites.
The Global Human Growth Hormones Market is due to experience a CAGR of 7.50% during the forecast period from 2018 to 2023. In 2017, the market value for the global human growth hormone market was recorded at USD 3,978.68 Mn and observations of key market trends indicate an appreciation of the market value at an estimated USD 6,140.31 Mn by the end of 2023.
Today, the level of awareness about the condition is much higher than in the past. Modern parents show higher vigilance in monitoring their offspring’s overall physical development and are quick to react to any anomaly they observe. Increasing awareness about endocrine disorders is reflecting favourably on the global human growth hormone market. Demand for growth hormones has increased substantially. Moreover, arrival of more effective hormones has had a positive impact on the popularity of such medical products.
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Key Players for Global Human Growth Hormones Market
Market Research Future (MRFR) recognizes the following companies as the key players in Human Growth Hormones Market: There are plenty of large and small market players which operate in this market all over the globe.
Some of leading market players profiled in the report include Pfizer Inc., Novo Nordisk A/S, Anhui Anke Biotechnology Co. Ltd., Eli Lilly and Company, GeneScience Pharmaceuticals Co. Ltd., Genetech Inc., Novartis AG, Biopartners GmbH, Zhongshan Hygene Biopharm Co. Ltd., Merck KGaA, Ipsen S.A. and Lifetech Labs
Segments for Global Human Growth Hormones Market
MRFR’s report offers a thorough segmental analysis of the market on the basis of brand, route of administration, application, and distribution channel. By brand, the market has been segmented into norditropin, genotropin, mumatrope, sainzen, omnitrope and others. Among these, the norditropin segment is holds the dominant share of the market and is expected retain its positing over 2023. In 2017, the segment stood at USD 1494.98 Mn and is projected to witness a double-digit CAGR during the forecast period. By application, the market has been segmented into growth hormone deficiency, idiopathic short stature, small for gestational age, turner syndrome,
prader-willi syndrome and others. The growth hormone deficiency segment accounts for the largest share of the market and is expected to exhibit a CAGR of 7.07% during the assessment period. By route of administration, the market has been segmented into subcutaneous, intramuscular, intravenous and oral. The subcutaneous segment currently holds the leading position and accounted for more than two-third share of the market in 2017. The segment is expected to remain highly attractive throughout the assessment period. By distribution channel, the market is segmented into hospital pharmacies, clinics, retail pharmacies and e-commerce websites. The hospital pharmacies segment represented close to 40% market share in 2017 and is project to witness a health growth over the next couple of years.
Regional Analysis for Global Human Growth Hormones Market
The Americas account for close to 50% of the global human growth hormone market due to the prevalence of growth hormone deficiency and Turner syndrome in the region. The developed countries in the region such as the US and Canada have comparatively affordable hormone therapy, and a well-established healthcare system are key factors driving the growth of the Americas human growth hormone market. Moreover, the healthcare sector in the region has rising government funding which is expected to encourage market growth. Europe with its comparable growth pattern to the US accounts for the second largest market in the global human growth hormone market. A significant number of market players are situated in the Americas and Europe.
Meanwhile, the Asia-Pacific is anticipated to witness the fastest growth at the highest CAGR of 7.70%. Growing healthcare expenditure to cater to the large patient population present in the region is expected to be a significant factor driving the regional market. International market players are increasingly recognizing the potential this region represents and are expanding market activities to the APAC. China, Japan, and India respectively account for the most significant country-level markets in the APAC region. HGH and its use for treating short stature which is viewed negatively is expected to increase the demand for growth hormone therapy.
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Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued…
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